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Norfolk Southern Corp. (NYSE:NSC) shares hit a new 52-week high on Thursday , AmericanBankingNews.com reports. The stock traded as high as $109.22 and last traded at $108.96, with a volume of 620,048 shares trading hands. The stock had previously closed at $107.96.

NSC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note on Friday, August 22nd. They now have a $110.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $113.00 price target on the stock, up previously from $109.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $120.00 price target on the stock, up previously from $115.00. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Norfolk Southern Corp. currently has an average rating of “Buy” and an average price target of $107.00.

The stock has a 50-day moving average of $104.6 and a 200-day moving average of $99.31. The company has a market cap of $33.604 billion and a P/E ratio of 17.59.

Norfolk Southern Corp. (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.08. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that Norfolk Southern Corp. will post $6.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 30th. This is a boost from Norfolk Southern Corp.’s previous quarterly dividend of $0.54.

In other Norfolk Southern Corp. news, CEO Charles W. Moorman sold 122,983 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $107.00, for a total transaction of $13,159,181.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.

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